Leader of the opposition United Democratic Movement Bantu Holomisa has filed court papers demanding that Finance Minister Nhlanhla Nene immediately suspend Public Investment Corporation (PIC) head Dan Matjila ahead of a disciplinary process. While Nene previously said the PIC board should investigate Matjila, according to the affidavit filed with the High Court in Pretoria Holomisa is calling for an independent investigation after claims that the board doctored documents to exonerate him of wrongdoing in an alleged payment to a company belonging to reputed girlfriend Pretty Louw. "The CEO is able to manipulate the investigation into allegations of misconduct against him for as long as he remains in his position," reads the affidavit. It claims board minutes were altered to clear Matjila.

Matjila is alleged to have asked a company in which the PIC had invested to pay off Louw’s alleged R300,000 debt. "The most important aspect relating to the allegations against the CEO is his ...

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